Wage Policy: Australia’s Fair Work Commission has lifted the minimum wage for about 2.8 million low-paid workers by 4.75% from July 1, setting the weekly minimum at A$1,409.90 and the hourly rate at A$26.44, with economists warning it could add inflation pressure. Housing Stress: New data flags rising mortgage distress, with distressed listings up 5.1% nationally in May to 3,847 properties, and warnings that Sydney and Melbourne remain most exposed as rate relief is delayed. Banking & Regulation: APRA has finalised an FAQ on liquidity treatment of deposits with settlement service providers, a move that will matter for how banks and payment players manage funding and compliance. Fintech Scrutiny (US): A US national security group is urging Congress to investigate Airwallex over alleged China-linked ties, raising questions for cross-border payments and data access. Energy & Finance: Santos says it could start new gas drilling in the Beetaloo basin within weeks after NT approval for up to 12 wells, while renewables policy headlines include a push to expand a capacity investment scheme to jump-start stalled wind/solar and storage investment. Corporate Moves: Wesfarmers’ Bunnings is set to absorb Blackwoods and Workwear Group (including Hard Yakka and King Gee) from July 1, reshaping the retail and distribution footprint for tradies.